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Massive Pay for State CEOs

Aug 3rd, 2010, 9:12 am

The pay of Chief Executives of state companies and semi-state bodies is under the spotlight again as the Cabinet prepares to review the salaries of the bosses who – for the most part – refuse to take pay cuts.

Newstalk has monitored the wage of those at the top of the pile and despite reported pay cuts their total salary packages continue to reach colossal amounts.

Some curiosities include the head of the ESB taking a voluntary pay cut but still bringing home an extra €200,000

Elsewhere the boss of the Dublin Airport Authority was awarded a €50,000 bonus despite the committee charged with reviewing his performance and awarding a bonus never meeting.

Meanwhile the head of the HSE had €93,000 penalty applied to his pay last year while the Director General of RTE has his bonuses paid a year late thus significantly bumping up the amount he earns in a given year.

The Top Of The Pile

Padraig McManus – ESB – TOTAL €750,000 (2008 €534,000)

Basic €432,000 Bonuses €210,000 Pension & Fees: €108,000

Declan Collier DAA – TOTAL €568,000 (2008 €635,000)

Basic: €320,000 Fees: €16,000 Bonus €50,000 Pension €180,000 (remuneration Committee never met)

Donal Connell of An Post – TOTAL Reported €500,000

(Was €371,000 in 2008 and he waved performance related pay)

David Guinning – Coillte – TOTAL €417,000 (down from €489,000)

Salary €297,000 Fees €13,000 Pension €74,000 Other €33,000 (No bonuses)

John Mullens – Bord Gais – TOTAL: €410,000 (from €361,000 despite a 10% pay cut)

Basic €270,000 Fees €16,000, Performance €50,000, Other fees including pension, car & health insurance: €74,000

Gabriel Darcy – Bord na Mona – TOTAL €392,000 (down from €419,000)

Basic €231,000, Fees €13,000 Performance €70,000 Pension €58,000 Others €20,000

Cathal Goan RTE (2009 report not out) 2008 TOTAL €394,000

2008:

Basic €298,000 Fees 26,000 Pension 24,000 Total €348,000 But on top of this performance bonus of €46,000 for the previous year (different to the way others pay)

Brendan Drumm – HSE – TOTAL €334,000 (down from €512,000)

Basic €379,000, Other: €33,000 Car €15,000 TOTAL: €427,000 But he was actually paid (€334,000 as he had €93,000 thousand bonus from 2008 taken back.)

Eamonn Brennan – IAA – TOTAL:  €324,000 (Down from €412, took a 10% pay cut, waved bonuses and says another pay cut in 2010)

Basic €232,000 Pension 92,000

Dermot Griffin – National Lottery TOTAL €296,000 (Down from €355,000 as bonuses waved)

Basic €230,000, Fees: €13,000 Other €20,000 Pension €33,000

NOTES

John Corrigan NTMA* Paid last CEO €980,000 no figures for Mr Corigan available.

Enda Connellan of Dublin Port ** Paid a retiring pension bonus of €800,000

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Chris is a Newstalk veteran having worked at the station since early 2004. He loves nothing more than get... Read More